Which of the Following Suggests That by Widening the Market's

question 28

Multiple Choice

Which of the following suggests that by widening the market's size,international trade can permit longer production runs for manufacturers,which leads to increasing efficiency?

• A) Economies of scale
• B) Diseconomies of scale
• C) Comparative cost theory
• D) Absolute cost theory

---

Definitions:

New Deal Laws

A series of programs, public work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the United States during the 1930s, aimed at restoring prosperity during the Great Depression.

Liberty of Contract

The legal principle that allows individuals the freedom to negotiate the terms of their own contracts without excessive government interference.

Union Membership

The status of being a member of a labor union, an organization that represents the interests of workers in specific industries or occupations.

Workers' Militancy

The readiness or tendency of workers and labor unions to engage in strikes, protests, or confrontational actions to assert rights and achieve labor objectives.